About Avis Budget Group

Avis Budget Group operates two of the most recognized brands in the global vehicle rental industry through Avis Rent A Car System, LLC (Avis), Budget Rent A Car System, Inc. and Budget Truck Rental (Budget). Avis is a leading supplier to the premium commercial and leisure segments of the travel industry, and Budget is a leading supplier to price-conscious car rental segments. We believe we are the largest general-use vehicle rental operator in each of North America, Australia, New Zealand and certain other regions we serve, based on total revenue. Avis Budget Group maintains the leading share of airport car rental revenue, and we operate the second largest consumer truck rental business in the United States.

We generate significant benefits from operating two distinctive brands targeting different market segments but share the same fleet, maintenance facilities, systems, technology and administrative infrastructure.

Our operations have an extended global reach that includes approximately 6,600 car and truck rental locations in North America, Australia, New Zealand, Latin America and the Caribbean. On average, our rental fleet totaled more than 400,000 vehicles, and we completed more than 25 million vehicle rental transactions worldwide in 2005. We derive approximately 79% of our nearly $4.8 billion in car rental revenue from on-airport locations. We derive approximately 21% of our car rental revenue from off-airport locations, which we refer to as the local market segment, in which we have been significantly expanding our presence. We rent our fleet of approximately 30,000 Budget trucks from approximately 2,400 dealer operated, 220 company operated and 100 franchisee operated locations throughout the continental United States. We also license the use of the Avis and Budget trademarks in areas in which Avis Budget Group does not operate. The Avis and Budget vehicle rental systems in Europe, Africa, the Middle East and parts of Asia are operated at approximately 3,800 locations by subsidiaries of an independent third party primarily under royalty-free trademark license agreements.

Our industry leadership and proud heritage have as a foundation our firm commitment to our Company Mission, Vision and Core Values. For more information about our company, please visit www.avisbudgetgroup.com.

We will be a leader in the vehicle rental industry by focusing on customers, our people, growth, innovation and efficiency. All of these elements will drive bottom line success and show that Avis and Budget are stronger together than they could be alone.

We will provide the leadership and support necessary to sustain long-term growth and customer satisfaction for our world-class brands. We will passionately promote quality and service at all levels while enhancing each brand’s competitive advantage.

We consider being a values-driven organization to be one of the core strengths of our Company. By adhering to these core values at all times, Avis Budget Group employees strive every day to achieve our Vision to be a leader in the vehicle rental industry.

• Commitment: We are committed to providing value to our corporate clients and individual customers and to those colleagues who rely on us for leadership or support. We are knowledgeable and passionate about what makes each of our brands unique and powerful, and we are committed to finding innovative ways to fuel their growth. We create value for all segments of the rental car market by faithfully focusing on service excellence and quality.
  
  
• Integrity: We display integrity at all times in the business decisions we make and the manner in which we conduct our professional relationships. We support that sense of doing what’s right through a culture of open communications and a spirit of teamwork. We also value the role that diversity among our employees, suppliers and partners plays in our success.
  
  
• Responsibility: We take seriously our responsibilities as a corporate citizen, always aware of how our actions can benefit the community and sensitive to the needs of the environment. We make decisions at all times understanding our responsibility for enhancing profitability and serving the interests of our shareholders. As a service company whose success is rooted in the satisfaction and performance of our people, we take responsibility for furthering the professional development of our employees at every level of the organization.

PARSIPPANY, N.J. 09-28-2006 — Avis Budget Group, Inc. (NYSE: CAR), a leading provider of vehicle rental services, today announced that David B. Wyshner, chief financial officer, is scheduled to present at the Deutsche Bank High Yield Conference on Wednesday, October 4, 2006 at the Phoenician Hotel in Scottsdale, Arizona.

Mr. Wyshner's presentation will be webcast live at 11:35 a.m. EDT, Wednesday, October 4. To listen to the discussion, visit the Avis Budget Group website at www.avisbudgetgroup.com and click on the link provided. A webcast replay will be available shortly after the live presentation, and will be archived on the website.

Avis Budget Group, Inc.
Avis Budget Group is a leading provider of vehicle rental services, with operations in more than 70 countries. Through its Avis and Budget brands, the company is the largest general-use vehicle rental company in each of North America, Australia, New Zealand and certain other regions. Avis Budget Group is headquartered in Parsippany, N.J. and has more than 30,000 employees. For more information about Avis Budget Group, visit www.avisbudgetgroup.com.

We are an equal opportunity employer dedicated to fostering a workplace environment where individual and team achievement is recognized and rewarded, and diversity is highly valued.